Gjensidige NOR was a

Norwegian Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the ...

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

and

insurance company Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

that was in existence between 1999 and 2003. The company was created when the two

savings bank A savings bank is a financial institution whose primary purpose is accepting savings account, savings deposits and paying interest on those deposits. History of banking, They originated in Europe during the 18th century with the aim of providi ...

Sparebanken NOR Union Bank of Norway branded as Sparebanken NOR was Norway's largest savings bank between 1990 and 1999. The bank was created as a merger between Sparebanken ABC and four other regional savings banks. The new bank had its headquarters in Oslo and ...

(bank) and

Gjensidige Gjensidige Forsikring ASA is a Norwegian insurance company. The company traces its roots back to 1816 when a fire mutual was founded as ''Land Gjensidige Brandkasse'' in what is today Innlandet county. Gjensidige demutualised and listed on the O ...

(insurance) were merged in 1999. In 2002 Norwegian savings banks were allowed to become

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company ...

and was listed on the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

. In 2003 the company was merged with

Den norske Bank Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form DnB NOR (now DNB ASA). The bank's headquarters were in Bergen, Norway. DnB was created as a merger between Bergen Bank and ...

to form

DnB NOR DNB ASA (formerly DnB NOR ASA) is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as of 20 May 2016. DNB's head office is located in Oslo. The two lar ...

, while the original insurance company Gjensidige was demerged and again became a separate company in 2005.Ny IT-leverandør i Gjensidige NOR
/ref> When the company was made a public limited company, a foundation was created to own part of the corporation, which still exists as Sparebankstiftelsen DnB NOR and owns 10.95% of DnB NOR. After the demerger, Gjensidige became a self-owning institution.

References

External links

Gjensidige web site

DnB NOR web site
Defunct banks of Norway Financial services companies of Norway Companies formerly listed on the Oslo Stock Exchange Former mutual insurance companies Cooperatives in Norway Companies based in Oslo Banks established in 1999 Financial services companies disestablished in 2003 Banks disestablished in 2003 Insurance companies of Norway 1999 establishments in Norway 2003 disestablishments in Norway {{Norway-bank-stub